Canthaxanthin Market Trends

Canthaxanthin Market Trends

The product has witnessed a high demand from dietary supplements, especially from the elderly population. The older population constitutes a prominent portion of the overall global population and is major user of preventive medications. Developed countries across the globe including Japan, U.S., South Korea, Russia, Canada, and Germany have witnessed high demand for dietary supplements owing to their demographic profiles. Rising demand for fortified and functional food will further induce immense potential to the market size.
 

?Canthaxanthin is a red carotenoid that possesses natural occurrence and can also be found in some fungi. They are produced from natural and synthetic sources and are highly used in cosmetics, food, and animal feed applications. It has been licensed and approved in over 70 countries in Europe, North, Central & South America, and major countries of Asia Pacific including China, South Korea, Japan, Taiwan, etc.
 

The Japanese and European authorities have reflected its safety with the establishment of Acceptable Daily Intake (ADI) to ensure negligible harmful impacts. These regulations ensure enhanced product quality, offering stable growth prospects to the market participants over the next seven years.